D.A. Davidson & CO. Boosts Stock Position in iShares MSCI Emerging Markets ETF $EEM

D.A. Davidson & CO. increased its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 96.9% during the 1st quarter, HoldingsChannel reports. The firm owned 113,542 shares of the exchange traded fund’s stock after buying an additional 55,891 shares during the period. D.A. Davidson & CO.’s holdings in iShares MSCI Emerging Markets ETF were worth $6,448,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of EEM. MidAtlantic Capital Management Inc. bought a new position in iShares MSCI Emerging Markets ETF during the fourth quarter valued at $25,000. Hilton Head Capital Partners LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter worth about $25,000. Merkkuri Wealth Advisors LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF in the 1st quarter worth about $27,000. BTG Pactual Asset Management US LLC raised its position in shares of iShares MSCI Emerging Markets ETF by 101.3% during the 3rd quarter. BTG Pactual Asset Management US LLC now owns 571 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 46,071 shares in the last quarter. Finally, Elevated Capital Advisors LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Down 1.4%

Shares of NYSEARCA:EEM opened at $63.29 on Friday. iShares MSCI Emerging Markets ETF has a 12 month low of $47.98 and a 12 month high of $71.57. The company has a 50-day moving average price of $67.11 and a 200 day moving average price of $62.20. The company has a market cap of $28.02 billion, a price-to-earnings ratio of 14.46 and a beta of 0.72.

About iShares MSCI Emerging Markets ETF

iShares MSCI Emerging Markets ETF, formerly iShares MSCI Emerging Markets Index Fund (the Fund), seeks investment results that correspond generally to the price and yield performance of publicly traded equity securities in global emerging markets, as measured by the MSCI Emerging Markets Index (the Index). The Index is designed to measure equity market performance in the global emerging markets. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.